Agreement with Porter's Group, LLC enhances Diebold's efforts to improve supply chain processes
NORTH CANTON, Ohio, March 4, 2013 /PRNewswire/ -- As part of the company's ongoing consolidation and efficiency efforts within its supply chain, Diebold, Incorporated (NYSE: DBD) today announced it has reached an agreement to sell its Lynchburg, Va., and Lexington, N.C.-based manufacturing operations to Porter's Group, LLC, pending satisfaction of all contractual terms and conditions.
Based in Bessemer City, N.C., Porter's Group is a long-time supplier to Diebold that specializes in metal fabrication services ranging from light sheet metal to heavy metal elements. In 2006, Porter's acquired Diebold's Sumter, S.C.-based manufacturing operations and still manufactures from that location today. Porter's will continue to supply fabricated metal components and products to Diebold from its various locations and will add capacity in Lynchburg to serve additional customers.
Diebold began manufacturing operations in Lynchburg in 1989. The facility's primary function is sheet metal fabrication of components for automated teller machines (ATMs) and physical security products. The Lexington operation opened in 1997 and currently manufactures physical security products such as safe deposit boxes and bank branch equipment. Diebold intends to maintain operation of its existing Greensboro, N.C., manufacturing facility where ATM final assembly and configuration is conducted.
"This latest agreement with Porter's is part of an ongoing process of consolidating our production activities to build greater efficiency and drive cost improvements within our global supply chain. In addition, this arrangement will also build greater flexibility into our production capacity and enhance our ability to serve our customers," said Linda Parcher, Diebold vice president and chief supply chain officer. "During our long-time collaboration with Porter's, we have come to recognize them as a trusted partner in our North America supply chain operations."
About Porter's Group
More information on Porter's Group/Porter's Fabrications can be found at www.portersfab.com.
Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs approximately 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in the Canton, Ohio region, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's website at www.diebold.com or follow the company on Twitter: http://twitter.com/dieboldinc.
SOURCE Diebold, Incorporated